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e. The amount by which revenues exceed expenses.Net income (or The amount by which expenses exceed revenues.net loss) during 2016, assuming that as of December
e. The amount by which revenues exceed expenses.Net income (or The amount by which expenses exceed revenues.net loss) during 2016, assuming that as of December 31, 2016, assets were $880,000, liabilities were $220,000, and there were no additional investments or withdrawals.
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